Deutsche scales back on FXMS

LONDON & CHICAGO – Deutsche Bank has reduced its trading volumes on FXMarketSpace, the Reuters and Chicago Mercantile Exchange joint-venture platform. The decision lies behind a sharp fall in the volumes traded on FXMarketSpace in June, informed sources tell FX Week.

Trading volumes on the platform declined from a daily high of $2.3 billion on June 7, to around $50 million later in the month.

Deutsche Bank declines to explain its decision, but traders at other firms are linking it to Deutsch